prices are falling in Meaux, in which areas to invest?

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Is Meaux still a city that attracts buyers looking for new real estate? After the Covid-19 pandemic, the city of Meaux and Seine-et-Marne in general have become very popular areas for Parisians and other inhabitants of the inner suburbs, search for wide open spaces after several months confined.

A significant demand which has significantly boosted the real estate market. But now for a year, the dynamic has run out of steam somewhat. Meaux is no longer benefiting from the post-Covid enthusiasm for the greater suburbs and the market has also suffered from inflation.

A city that always attracts

“Prices have fallen in recent months but the real estate market remains hyper dynamic » assures us Audrey Iscain, director of the real estate agency L’Adresse de Meaux, located in the market district. The most populated city of Seine-et-Marne nevertheless remains attractive thanks to its pleasant living environment, its green spaces, its sports and cultural structures, community life, public transport, and even urban redevelopment which contributes to improving the image of Meaux.

The director believes that the prices have decreasedby 3.2% over the past year, after having had a continuous increase for eight years. “Today we have more properties and fewer buyers . It was the opposite after Covid. »

But above all, the profileof buyers has changed. “They are more volatile there are more visits, they do not commit easily. Before, a property could be sold in three months, even with prices above the market, it was crazy. NOW it’s 5-6 months, even a year » continues Audrey Iscain.

Before, for a sale there was an average of 8 visits. Today, we make 12 to 15 visits to confirm a sale.

The drop in interest ratesHowever, we can see new investors ready to buy in Meaux. “Between January and today, rates have fallen by 0.7%. We feel that it encourages. But people still remain undecided and negotiate a lot more. »

Neighborhoods to invest in

October 17, 2024, the site specializing in real estate between individuals PAP (from Individual to Individual) has unveiled a study on the state of the market in Meaux and the best areas in which to invest in the face of this drop in prices and this number of properties put up for sale. Almost tthree times cheaper than ParisMeaux is accessible with an average price of 3,055 euros per m² for an apartment, and 2,578 m² for a house, according to the L’Adresse agency.

“The price of real estate in Meaux is €3,178/m², which makes it one of the least expensive towns in Île-de-France,” the PAP website calculates in its study. The city mainly attracts “ second buyers», i.e. people who are buying a property for the second time, who have the budget for all types of goods.

“First-time buyers” focus more on apartments. “For a house, they would rather go to Trilport” adds Audrey Iscain.

These prices vary depending on the localisationgood. Because some neighborhoods are more in demand than others. Starting with the city ​​center one of the most expensive spaces “with an average price of 3 300 €/m²» according to PAP. “A district that is both historic and lively, offering a mix of architectural heritage, shops and green spaces. It is here that the magnificent Saint-Étienne Cathedral is located. »

This area continues to please thanks to its proximity to the train station and all amenities. “Everything is done on foot, but we have a problem with the recent collapses. Buyers are attentive to these problems” nuance Audrey Iscain.

Faced with these problems, buyers can instead turn to the Foch-Allende districts, or even Saint-Faronwith the hospital, which also benefit from the proximity to the center and shops. “There is also the Sainte-Geneviève school which is very popular. People love this neighborhood. He is privileged, with Republicdespite its high price around €3,500 per m². »

Further from the city center, the district Dunantcompletely renovated in recent years, is starting to attract buyers, notably thanks to the Pâtis park . “This space has been the subject of major urban renovation projects via Anru (National Agency for Urban Renewal). Many buildings from the 1960s have been destroyed, making way for more open areas and green spaces,” describes PAP.

“The redeveloped part is in demand, there is a real mix, unlike the back of the district which maintains a more popular image. We still have struggling to get people there», adds the director of L’Adresse. Prices remain among the weakest in Meaux between €1,700 and €2,000 per m². This area nevertheless has a few “snags” according to Audrey Iscain: the distance from the station and the shops, which are not very popular.

For those who agree to move away from the center and public transport, the director recommends the neighborhood of the Corniche at the Great War Museum. This is a residential area “that people love too”. Here, prices range between €320,000 and €350,000 for a house.

What prospects?

With its plurality of properties and neighborhoods, Meaux remains a dynamic city where buyers want to settle. “Meaux should continue to position itself as a sustainable alternative to Parisin particular thanks to its connection with the capital, but above all thanks to its much more accessible prices,” estimates PAP.

This trend is expected to continue with gradual decline in interest rates,facilitating access to credit for families and first-time buyers.

“The best borrower profiles can now obtain rates of around 3.50%, compared to 4.20% at the start of the year. Furthermore, banks seeking to expand their portfolioincrease their production of credits and relax their granting criteria, even going so far as to reconsider applications previously refused. This opens up new opportunities for buyers and sellers,” concludes PAP, who nevertheless recalls that theloss of purchasing powerin homes remains significant, which encourages buyers to closely examine the quality/price ratio of goods.

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